On taking office, Nixon established the Council of Urban Affairs, under the leadership of Daniel Patrick Moynihan, to develop a welfare reform proposal. Moynihan’s proposed plan centered on replacing welfare programs with a negative income tax, which would provide a guaranteed minimum income to all Americans. Nixon became closely involved in the proposal and, despite opposition from Arthur Burns and other conservatives, adopted Moynihan’s plan as the central legislative proposal of his first year in office. In an August 1969 televised address, Nixon proposed the Family Assistance Plan (FAP), which would establish a national income floor of $1600 per year for a family of four.
Taken from his Wikipedia. Nixon. I mean how far the bar has dropped.
On taking office, Nixon established the Council of Urban Affairs, under the leadership of Daniel Patrick Moynihan, to develop a welfare reform proposal. Moynihan’s proposed plan centered on replacing welfare programs with a negative income tax, which would provide a guaranteed minimum income to all Americans. Nixon became closely involved in the proposal and, despite opposition from Arthur Burns and other conservatives, adopted Moynihan’s plan as the central legislative proposal of his first year in office. In an August 1969 televised address, Nixon proposed the Family Assistance Plan (FAP), which would establish a national income floor of $1600 per year for a family of four.
Taken from his Wikipedia. Nixon. I mean how far the bar has dropped.
That 1600 is apparently equivalent to 13k today. Not the chump change I thought it was gonna be.